1. DESCENDING CHANNEL ON THE DAILY 2. BREAK OF THE 4 HOUR TRENDLINE AND NOW THE RETEST 3. MARKET MADE A LOWER LOW WHICH WE NOW EXPECTING LOWER HIGH 4. MAJOR DIVERGANCE ON THE 4 HR 5. LOOKING FOR A FIB RETRACEMENT OF THE 61.8 FROM THE PREVIOUS HIGH 6. HARMONIC PATTERN FORMED